URGENT – Senators Threatening to Stop Federal Reserve Board and FHFA Nominee Confirmations
Contact your Senators NOW!
Dear Friends,
News publications are reporting that Senate Banking Committee Ranking Member Patrick Toomey (R-PA) is threatening to have the Republicans on the Committee boycott today’s scheduled markup of the nominations of the five nominees to the Board of Governors of the Federal Reserve Board, as well as the nomination of Sandra Thompson to lead the Federal Housing Finance Agency. Without a quorum, the Committee cannot proceed with today’s markup.
The Federal Reserve Board of Governors is instrumental in ensuring the economy reaches maximum employment and keeping inflation in check, which are important priorities for families seeking an equitable recovery from the COVID-19 pandemic. The Federal Housing Finance Agency is essential to providing liquidity in the mortgage market and expanding access to mortgage credit for people of color and other marginalized consumers.
Please call your Senators NOW and urge them to advance all five of the nominees for the Federal Reserve Board of Governors (Drs. Cook and Jefferson and Governors Bloom Raskin, Brainard, and Powell) and Acting Director Sandra Thompson to lead the Federal Housing Finance Agency without delay.
Instructions on how to contact your Senators:
- Call the U.S. Capitol Switchboard at 202-224-3121.
- Ask for your Senator office, and then ask to be connected to the staffer who handles banking issues in that office.
- Tell the staff in that office that it is imperative that the Senator do everything they can to advance the current Federal Reserve Board of Governors and Federal Housing Finance Agency nominees immediately at today’s markup.
Many thanks.
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The National Fair Housing Alliance (NFHA) is the country’s only national civil rights organization dedicated solely to eliminating all forms of housing and lending discrimination and ensuring equal opportunities for all people. As the trade association for over 170 fair housing and justice-centered organizations throughout the U.S. and its territories, NFHA works to dismantle longstanding barriers to equity and build diverse, inclusive, well-resourced communities.